S.3392 - Outsourcing Accountability Act of 2012

A bill to amend the Securities Exchange Act of 1934, to require the disclosure of the total number of the domestic and foreign employers of issuers. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Securities Exchange Act of 1934, to require the disclosure of the total number of the domestic and foreign employers of issuers. as introduced.
  • Short: Outsourcing Accountability Act of 2012 as introduced.

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Introduced
 
Senate
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House
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President
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07/17/12
 
 
 
 
 
 
 

Official Summary

Outsourcing Accountability Act of 2012 - Amends the Securities Exchange Act of 1934 to require registered securities issuers to disclose annually to the Securities and Exchange Commission (SEC) and to shareholders: (1) the total number of employees domiciled in the United States and employe

Official Summary

Outsourcing Accountability Act of 2012 - Amends the Securities Exchange Act of 1934 to require registered securities issuers to disclose annually to the Securities and Exchange Commission (SEC) and to shareholders:
(1) the total number of employees domiciled in the United States and employed by the issuer or any consolidated subsidiary of it;
(2) the total number of such employees domiciled in any country other than the United States and employed by the issuer or any consolidated subsidiary, listed by number in each country; and
(3) the percentage increase or decrease in such numbers required to be disclosed from the previous reporting year. Exempts from such requirements an issuer that is an emerging growth company.

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